Southern standard. (McMinnville, Tenn.) 1879-current, 1887-02-26

eighty other persons named, as a
body polite under the name of the
Atlantic and Pacific Ship Railway
Company. The stock is not to ex-
coed 100000, 900; and when ten per
cent of the stock is subscribed and ten
per cent paid in cash, a meeting of
stockholders is to be held in Wash
ington or New York, for the election
of directors. If ten millions of stock
is not subscribed for, and ten per cent
Of it paid in cash within two years,
the charter is to expire by limitation.
Consequently the Government is not
committed to the project pecuniarily,
and makes no guarantees.
The Senate has passed bills appro-
priating about fifty millions for ships
of war, coast defences and other war
like preparations. If the Senate had
really wanted to do something for the
Navy, it would have passed these
bills early enough to permit of their
consideration by the House of Repre-
sentatives. 1t ought not be expected
that the House will pass measures of
such magnitude, without an examina-
ton which there is not now time to
give. But, of course, the Senate will
get the credit of having made a brill
liant effort towards an increase of the
naval establishment, and the House
will be condemned for neglect of its
duty in this matter.
Everybody is wondering whom
the President will appoint on the
Interstate Commission. Among the
scores of men who have been men
toned for place, Gen. Atkins, the
present Commissioner of Indian AT
fairs, is one of the latest. His friends
say he is man who could be, Off
cially, as much of a friend to the rail-
roads as to the people. Said one of
them, she could do justice to both,
and at the same time has moral force
sufficient to outride the temptation Of
winking at the New York brokers
for consideration"
On next Thursday an effort will be
made in the House Of Representa-
tives to pass the Pauper Pension bill
over the Presidents veto, and the Re.
publicans are expected to press the
matter to such an extent that there
will doubtless be pretty lively fight
The impression is, however, that il
will be impossible to override the
veto.
The first Mexican pension under
the recent act granting pensions t.
the survivors of that war, was ISSUED
on last Friday. 1t went to the here
of Cerro Gordo, ex-senator Williams
of Kentucky. If all the Mexican
veterans were able to verify thei
claims to an allowance and secure i
as readily as he, short work would b,
made of the Mexican pension bust
ness. His application was filed il
the Commissioners office at clever
o'clock one day last week, and tn
pension certificate was mailed in tn,
afternoon of the same day.
The Cabinet succession continues t,
be theme of discussion. A weel
ago it was believed that Mr.. Fair
child, the Assistant Secretary, wa
the man for the place, but suddenl,
public opinion changed entirely
Some say that the president will ap
| point wide-awake, practical politi
clan to succeed Mr.. Manning. Whel
; the latter rendered his resignation
! the President brought up the subjec
of his successor, and Mr.. Mannin
! urged upon him the necessity G
availing himself of the opportunit
, to appoint strong Democrat of ms
l tional reputation, and suggested tw
or three names.
A Democratic Congressman {
: prominence expresses the hope tha
8 the new Secretary of the Treasur
will be taken from among those VIII
are not dominated by Wall stree
ideas. But as he himself acknow
: edged, it is very difficult to find
f man Of financial eXperienC
!. who is not under Wall street Unfit
% ence in some way. Since New Yol
is the center of the money power
+ the nation, every business man {